economy

The economy is a very difficult subject to understand, everyone thinks their method is best. The problem being that the economy is such an open system that it is hard to determine for sure the best economic policy which would result in the best economy as well as the best society (the society part can complicate the issue). However, what we can do is look at all the countries using certain economic policies and then look at their results and create some sort of scientific index.

Power Line posted a very funny cartoon that explains our current state of the US economy. What's sad is, for some companies this analogy fits perfectly. This is why the free market is so important and why people are against bailouts. Government should be trying its best to restore competition and free market. Monopolies, greedy executives, and poor standards are what the government should be fighting. Did you ever wonder why the economy is the way it is?

The Congressional Budget Office said that the Obama stimulus package will hurt the economy in the long run. This came as bad news for Democrats in a day when they were trying to convince even Republicans to vote for the bill.

Hot Air brought up an interesting point: If the Democrats want a spending bill to stimulate the economy, then why are they trying to reduce/cut funding for the F22 Raptor fighter jet? It employs nearly 95,000 people including thousands of suppliers for parts. Not to mention it is American made.

John McCain launched a petition and sent it to the mail box of almost every Republican and John McCain supporter in the country. John McCain takes a final stand for fiscal conservatism and encourages the government to be responsible--to protect the consumers and keep competition balanced.

People get caught up in ideology and method names rather than analyzing methods, creating hybrids, and finding solutions to the economic problems. One must visualize the economy and understand what the current problems are and what variables need fixing and how to motivate the market and consumers to fix the economy themselves. That is government's job and Obama needs to realize that government is there to motivate people to solve the problems not to solve problems.

Rasmussen reported that only 42% of Americans supported the Democratic Stimulus Plan. Poligazette notes the lower approval rating of this plan "despite a PR offensive launched by Democrats days ago."

The non-partisan scholar group Cato Institute has criticized Obama's latest 2009 stimulus plan. The group has been known to criticize President Bush's policies, President Obama's policies, and John McCain's policies.

The following document published by the Cato Institute expresses deep disagreement of Obama's declaration that more government is needed to solve today's problems. "In fact, many economists disagree," says the Cato Institute.

The document is signed by hundreds of economists and even Nobel laureates.

Big Hollywood covered the Upside of Socialism, a satirical piece describing socialistic policies in England. One problem Republicans and Democrats have is defining socialism.

I had the unpleasant fortune of meeting someone who accused almost everyone including top Republican candidates as being socialists.

Most economists study economic history and realize that many recessions are worsened by lack of consumer and investor confidence. Hence, many would think that a President or President-Elect would do everything in his power to assure the public that a solution is being worked on.

What did President-Elect Barack Obama do? He spouted pessimism and like Nostradamus predicting a point of no return.